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2140 Shelbourne Ct Wesley Chapel, FL 33543

4 Beds 2 Baths 1,959 sqft Built 2003

INVESTimate

$278,500

List Price

$1,680

$1,512 - $1,848

Rent Est.

$294,681  ( +5.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $142.16
  • 6 Days on Market
  • MLS # : T3260874
  • Updated Date : 08/25/2020 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,959 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade Inc

Listing Agent's Description

NEW TO THE MARKET! Your new home awaits you! Located in the gated community of Wrencrest in Meadow Pointe! This home offers a split floor plan with four bedrooms, each with new carpet. A large owner's bedroom with an over sized walk in closet. The owner's bath has NEW granite counter tops, walk in shower and a garden tub to complete the suite. The kitchen has been updated with NEW granite counter tops and brand NEW stainless steel appliances. Coming home to relax is a breeze with your glass of wine on the rear patio with a GORGEOUS pond view! NO REAR NEIGHBORS! Meadow Pointe offers fitness,tennis, playground,,basketball and clubhouse with a pool for your weekend fun! Conveniently located near I75 and SR56 and minutes from Wiregrass Mall , Tampa Premium Outlets, Florida Hospital, restaurants and more!!!

SEE MORE

MARKET HIGHLIGHTS

  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wiregrass Elementary School Primary Regular NA
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Wiregrass Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Dr. John Long Middle School

  • Education Level: Middle
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating

Wiregrass Ranch High School

  • Education Level: High
  • # of students: 2,332
  • # of teachers: 138
8
GreatSchools Rating
 

$250,650$306,350$278,500

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,028
Property Tax -$478
Property Insurance -$150
HOA -$6
Property Management Fees -$80
CASH FLOW
-$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$278,500

PROJECTED PRICE

$1,680

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,553

INVESTMENT

$79,553

Down Payment
$69,625
Rehab Estimate
$5,750
Closing Costs
$4,178

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,625
Loan Amount $208,875
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,857

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,680

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,6754$1,6805$1,739
$1,739
RENT COMPS ANALYSIS
  • 2140 Shelbourne Ct Wesley Chapel, 4
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.86
    •  
  • 1821 Rensselaer Dr Wesley Chapel, 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 31249 Kirkshire Ct Wesley Chapel, 2
    • 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2005
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.83
    •  
  • 1811 Rensselaer Dr Wesley Chapel, 3
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.86
    •  
  • 2018 Shelbourne Ct Wesley Chapel, 5
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,739
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nicole Stilwill
1.813.569.9893
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260874
Last Updated: 08/25/2020
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